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This was revealed by the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, who spoke in Abuja, saying the Federal Government requires $2billion to replace obsolete pipelines from Excravos to Kaduna.
The upper chamber of the National Assembly has called on the federal government to quickly diversify the economy, following the high cost of oil production without commensurate result.
The Nigerian National Petroleum Corporation (NNPC) has explained the parametres for employment as well as career progression in the corporation, using the recently concluded Graduate Trainee employment process as well as top Management promotion exercise executed by the corporation as an illustration.
President of the Senate, Senator Ahmad Lawan, warned Tuesday that following the impact of the ravaging Coronavirus on the economy, Nigeria will be in deeper trouble if as a country, we are not ingenious enough.
The Senate, on Tuesday, said the review of the 2020 budget passed by the National Assembly has become inevitable as a result of tumbling oil prices amidst the coronavirus outbreak.
President of the Senate, Ahmad Lawan, on Tuesday announced the constitution of a Joint Committee to engage the Executive arm of government on measures to be taken to insulate the Nigerian economy against the impact of the sudden crash of crude oil price globally.
The Senate on Tuesday constituted a joint committee to liaise with the Executive over the dwindling international oil price as it affects the implementation of the 2020 Appropriation Act.
Chairman, Senate Committee on Petroleum Resources, Upstream, Senator Bassey Albert Akpan, Peoples Democratic Party, PDP, Akwa Ibom North East, has hailed President Muhammadu Buhari for signing the Deep Offshore and Inland Basin Production Sharing Contract Amendment Act into law.
The Nigerian National Petroleum Corporation (NNPC) says it has publicly opened bids from 14 companies for the financing and redevelopment of Oil Mining Lease (OML) 119.
In addition to recording a profit in its Q3 financials in Ocotober, Oando’s management has received recognition from various reputable institutions in the country.
The Minister of State for Petroleum, Timpre Sylva, Monday blamed the dwindling oil reserves on none passage of Petroleum Industry Bill (PIB).
The Nigerian National Petroleum Corporation (NNPC) on Saturday, alerted the public on the existence of a trending fake Linkedin profile of its Chief Operating Officer, Upstream, Mr. Roland Ewubare, presenting him as the Group Managing Director of the Corporation.
The Federal Capital Territory Administration (FCTA) has approved N474 million as pension for 85 retired and deceased officers of Area Councils and Local Education Authorities (LEAs).
Antoine Griezmann has become "a caricature of himself" at Barcelona, where his former Real Sociedad boss, Martin Lasarte, feels a toxic environment is taking its toll.
Sunday Adeleye, the Technical Director of AFN has reacted to the court verdict that sacked Hon Olamide George and reinstated Ibrahim Gusau as the AFN President.
Family members of a missing 22-year-old man, Arinze Obiukwu, are asking the Rivers State Police Command to put pressure on a local vigilance group popularly known as OSPAC in Elele Ikwerre Local Government Area to produce him dead or alive.
The Blues were downed 3-2 by the Premier League relegation battlers, a defeat which meant they missed the chance to moved into third.
Advertisements for more than 400 brands, including Coca-Cola and Starbucks, are due to vanish from Facebook on Wednesday, after the failure of last-ditch talks to stop a boycott over hate speech on the site.
An Osun State Magistrate court sitting in Osogbo, on Wednesday, sentenced a man, Jonathan Ukonwe, to 30 days imprisonment for resisting arrest and intentionally disobeying the constituted authority for not wearing facemask.
The National Union of Road Transport Workers has commended the Federal Government for lifting the ban on interstate travel in the country.
After the boy disappeared, his mother tried to save him, but she also got into trouble and a passer-by pulled her out of the water.
Ahead of the governorship elections in Edo and Ondo States, the National Security Adviser (NSA), Major-General Babagana Munguno; the Inspector General of Police (IGP), Mohammed Adamu, and the Chairman, Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, have released a comprehensive code of conduct for all security personnel to be engaged in election duties.